10 percent reduction in TDS charges on the Internet, will help to reduce the price?

10 percent reduction in TDS charges on the Internet, will help to reduce the price?

The government has reduced the TDS charges on the internet by 10 percent.

Secretary at the Ministry of Finance Shishir Kumar Dhungana said that the government has reduced the TDS fee by 10 percent through the budget of the coming fiscal year.

As per the provision in the Income Tax Act, internet service providers used to charge 15 percent TDS when importing internet bandwidth.

We have reduced the 15 per cent TDS on the internet from the next financial year to 5 per cent, ‘said Secretary Dhungana.’ It will definitely add more convenience to the internet business. ‘

Internet service providers have been demanding a 46 percent reduction in Internet taxes.

Secretary Dhungana said that the issue has been discussed many times and efforts will be made to reduce it further.

“Our idea was to reduce consumer prices along with taxes,” he said in a post-budget discussion program organized by the Economic Journalists’ Society on Monday. “We tried to do our homework but couldn’t because of lack of time.”

He said that in this regard, he thinks that there will be some help in this.
He said the ministry was ready to discuss the issue after ensuring that consumers could get direct benefits.


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Rabins Sharma Lamichhane

Rabins Sharma Lamichhane is the owner of RabinsXP who is constantly working for increasing the Internet of Things (IoT) in Nepal. He also builds android apps and crafts beautiful websites. He is also working with various social services. The main aim of Lamichhane is to digitally empower the citizens of Nepal and make the world spiritually sound better both in terms of technology and personal development. Rabins is also the first initiator of Digital Nepal.

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